ROI: 68% (based on Net Rent / refurb)
This property is within Clifton Nottingham, it falls within the article 4 direction meaning that planning is required for all HMO’s. It is within walking distance to Nottingham trent university campus and the newly built tram line meaning access to the city is easy.
This property was built circa 1940, it’s a wimpy no fines non-standard construction; this is normal for the area. It has 4 let able rooms with one shared bathroom; we made all the rooms within this building the same size along with adding a new bathroom, kitchen , redecoration etc
This property was secured via a purchase lease option agreement, which needs to be executed in 2020. It was sourced through Gumtree.